Commercial Finance Manager
FRESH FRUITS COMPANY
Total years of experience :14 years, 10 Months
• Comprehensive Financial Reporting: Compiled and presented monthly consolidated financial statements, offering a concise overview of the company's financial health and business performance. Provided valuable insights to support strategic decision-making processes, ensuring alignment with organizational goals. Utilized financial expertise to develop and oversee annual budgets in alignment with organizational goals for strategic planning.
• Finance Function Leadership: Led the finance function, actively participating in the development of business strategy. Ensured seamless implementation of established corporate financial strategies, policies, and procedures, fostering a culture of continuous improvement within the organization.
• Process Optimization: Analyzed intricate business processes to identify cost-saving opportunities and enhance operational efficiencies, driving financial sustainability and agility across departments.
• Strategic Financial Advisory: Served as a trusted advisor and information source to other departments, offering expertise in financial management and addressing commercial challenges effectively. Provided timely guidance to operations managers, mitigating risk factors impacting financial and commercial performance.
• Cash Flow Oversight: Managed cash flow meticulously, ensuring liquidity and stability for the organization. Collaborated with financial institutions, negotiating credit facilities aligned with the dynamic needs of the business, fostering financial flexibility.
• Detailed Financial Analysis: Produced and monitored monthly ad-hoc reports focused on profitability, swiftly identifying any deviations from operational planning. Utilized data-driven insights to guide strategic adjustments and maintain financial objectives. Mapped the need for product reengineering to enhance the profitability and competitiveness of manufactured items
• Innovative System Implementation: Assuming a pivotal role as the administrator for the Oracle Netsuite system and spearheaded its successful Go-Live (Oracle NetSuite), overseeing the implementation of various modules, including production and warehouse management systems. Enabled seamless financial management with over +100 license users, enhancing operational efficiency and accuracy.
• Policy Development and Risk Mitigation: Designed and implemented comprehensive policies and procedures, including procure-to-pay, lead-to collect, and fixed assets management protocols. Proactively identified and mitigated risk factors affecting financial and commercial performance, ensuring long-term stability and growth for the organization.
• Produced Comprehensive Reports: Generated accurate financial, MIS, and diverse reports weekly, monthly, quarterly, and annually.
• Strategic Planning Oversight: Managed annual operating planning (AOP) and quarterly forecast reports (FC) to ensure alignment with organizational goals.
• Efficient Financial Statement Preparation: Prepared consolidated financial statements for branches in Lebanon and Cyprus, collaborating closely with auditors for timely internal and external audit reports.
• Proactive Discrepancy Monitoring: Monitored discrepancies between actual and budgeted figures diligently, analyzing financial reports to identify and address losses promptly.
• Stakeholder Relationship Management: Cultivated strong relationships with financial partners and clients, ensuring mutual satisfaction and collaboration.
• Robust IT and Administrative Management: Managed IT backups, maintenance, and software updates, ensuring seamless operations. Oversaw staff concerns, including payroll, loans, transportation, and claims, and managed administrative and office affairs effectively.
• Supervision and Financial Oversight: Supervised Accounting and Administrative staff, overseeing tasks such as managing taxes, maintaining G/L Accounts, assessing company risk, handling cash flows, and reconciling with banks, suppliers, and customers.
• Facilitated Financing: Enabled internal and external financing for major deals, ensuring the smooth flow of funds for business operations.
• Legal and Credit Management: Collaborated with the company's lawyer on legal matters, and determined credit limits for customers while reviewing monthly payables, ensuring legal compliance and financial stability.
• ERP System Implementation: Successfully executed the ERP system (Microsoft Navision) with streamlined and automated change processes, enhancing operational efficiency.
• Improved Transaction Control: Enhanced financial transaction control processes to minimize discrepancies and ensure accuracy in financial records.
• Strategic Planning Collaboration: Collaborated on the creation of a 5-year strategic plan, aligning financial goals with broader business objectives for sustained growth and success.